Genus Power Infrastructures inks SPA to acquire 86.49% stake in Newlectric Innovation

Genus Power Infrastructures has entered into a Share Purchase Agreement (SPA) on January 20, 2026, for the acquisition of 86.49% of the equity shares of Newlectric Innovation (NIPL). The Company already holds 13.51% of the equity shares of NIPL. Upon completion of this transaction, NIPL will become a wholly-owned subsidiary of the Company.

The acquisition aligns with the company’s strategic objectives, as it would enable the consolidation of operations, optimize production capacity utilization, and enhance operational efficiency. Further, by integrating it as a wholly owned subsidiary, the company would be well-positioned to scale up production capacity in response to current order book and future business growth. The acquisition is expected to be completed in 30 days.

Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.